Manitex International, INC

Market Movers (8-K)

Manitex International has been acquired by Tadano Ltd., with shareholders receiving $5.80 per share in cash, resulting in Manitex becoming a wholly-owned subsidiary and ceasing to be publicly traded.
Manitex International shareholders have approved the merger agreement with Tadano Ltd., paving the way for the company to become a wholly-owned subsidiary of Tadano.
Manitex International has released supplemental disclosures to its proxy statement regarding its merger with Tadano Ltd. to address a shareholder lawsuit alleging material omissions.
Manitex International announced its third quarter 2024 financial results, showing a revenue decrease but improved gross margins, while also confirming its pending acquisition by Tadano.
Worse than expected
Manitex International has entered into a definitive agreement to be acquired by Tadano Ltd. for $5.80 per share in cash.
Manitex International has agreed to be acquired by Tadano for $5.80 per share in an all-cash transaction, valuing the company at $223 million including debt.
Better than expected

Quarterly Earnings (10-Q)

Manitex International has agreed to be acquired by Tadano Ltd. in an all-cash transaction valued at $223 million, including debt.
Worse than expected
Manitex International saw a significant increase in net income attributable to shareholders in the second quarter of 2024, driven by improved manufacturing and rental operations.
Better than expected
Manitex International saw a significant increase in net income and revenue for the first quarter of 2024, driven by higher sales volumes and improved profitability.
Better than expected

Annual Reports (10-K)

Manitex International's 2023 annual report reveals a 6.4% increase in net revenue and a significant improvement in profitability compared to the previous year.
Better than expected

Proxy Statements (Def-14A)

Manitex International has released a supplement to its proxy statement following a shareholder lawsuit alleging material omissions related to its merger with Tadano Ltd.
Delay expected
Worse than expected
Manitex International, Inc. shareholders are set to vote on a merger agreement that would see the company acquired by Tadano Ltd. for $5.80 per share in cash.
Better than expected